Taiwanese Undervalued over 20% based on DCF

Tong Yang Industry

Market Cap: NT$47.6b

Engages in the manufacture and sale of parts, components, and models for automobile in Taiwan, China, the United States, and internationally.

Nan Pao Resins Chemical

Market Cap: NT$44.1b

Engages in the manufacturing, wholesale, and retail sale of synthetic resins and plastics, adhesives, resin coatings, dyes, and pigments in Taiwan, rest of Asia, Oceania, Europe, Africa, and America.

Nan Juen International

Market Cap: NT$43.8b

Engages in the research, development, manufacturing, and trading of steel ball guide rails in the United States, Asia, Europe, Africa, and internationally.

Yulon Finance

Market Cap: NT$43.1b

Provides various financial services in China, Taiwan, and internationally.

Taiwan FamilyMart

Market Cap: NT$42.5b

Operates a chain of convenience stores in Taiwan.

Elite Semiconductor Microelectronics Technology

Market Cap: NT$42.5b

Elite Semiconductor Microelectronics Technology Inc.

Daxin Materials

Market Cap: NT$40.7b

Engages in the research, development, production, and sale of display and key raw materials, and semiconductor specialty chemicals in Taiwan, China, and internationally.

Shin Zu Shing

Market Cap: NT$40.4b

Engages in the research, design, development, production, assembly, testing, manufacturing, and trading of various precision springs, stamping parts, hinge components, CNC lathes, and metal injection molding in Taiwan, Singapore, and China.

Shinkong Insurance

Market Cap: NT$39.3b

Provides property insurance to individuals and corporates in Taiwan.

Lai Yih Footwear

Market Cap: NT$37.8b

Engages in the production and sale of sports and leisure footwear in the United States, Europe, Asia, the Netherlands, rest of America, Myanmar, and internationally.

Tong Hsing Electronic Industries

Market Cap: NT$35.9b

Engages in the development and production of thick film substrates and customized semiconductor micro-module packaging.

Foxsemicon Integrated Technology

Market Cap: NT$34.6b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

Far Eastern Department Stores

Market Cap: NT$32.1b

Operates department stores and supermarkets in Taiwan.

O-Bank

Market Cap: NT$28.2b

Provides various banking services to corporate clients in Taiwan.

Evergreen International Storage & Transport

Market Cap: NT$27.2b

Provides inland container transport services in Taiwan and internationally.

Giant Manufacturing

Market Cap: NT$26.4b

Engages in the manufacturing and sale of bicycles and electric bicycles in Taiwan, the United States, Europe, Asia, and internationally.

Central Reinsurance

Market Cap: NT$25.0b

Provides various property and life inward and outward reinsurance services in Taiwan and internationally.

Silicon Integrated Systems

Market Cap: NT$24.3b

Engages in research, development, manufacture, and sale of integrated circuits and related components worldwide.

Formosa International Hotels

Market Cap: NT$24.3b

Engages in the operation and management of hotels in Taiwan and internationally.

TTET Union

Market Cap: NT$24.0b

Operates as a soybean crusher in Taiwan, Malaysia, Japan, and internationally.

Pegavision

Market Cap: NT$22.4b

Manufactures and sells medical devices, and optical and precision instruments in Taiwan.

GFC

Market Cap: NT$21.3b

Manufactures and sells elevators, escalators, and generators in Taiwan.

Flexium Interconnect

Market Cap: NT$20.6b

Engages in the design, development, manufacture, and sale of flexible printed circuit boards and related products in Taiwan, China, rest of Asia, Europe, and the Americas.

Alltop Technology

Market Cap: NT$18.9b

Engages in the research, design, development, manufacture, and sale of electronic connectors in Taiwan and China.

Kindom Development

Market Cap: NT$18.3b

Kindom Development Co., Ltd., together with its subsidiaries, constructs, develops, and sells real estate properties in Taiwan.

Sinon

Market Cap: NT$17.8b

Manufactures and sells various chemicals and fertilizers.

Grape King Bio

Market Cap: NT$17.8b

Produces and sells pharmaceutical preparations, patent medicines, liquid tonics, drinks, and healthy food in Taiwan, China, and internationally.

Merida Industry

Market Cap: NT$17.8b

Manufactures and sells bicycles and components in Taiwan, China, Hong Kong, Japan, and Europe.

Kenda Rubber Industrial

Market Cap: NT$17.3b

Designs, manufactures, and trades in tires in China, the United States, Taiwan, and Vietnam.

Intelligo Technology

Market Cap: NT$16.9b

Engages in the provision of artificial intelligence solutions.

King's Town Millerful No.1 Real Estate Investment Trust

Market Cap: NT$16.6b

n/a

Cyber Power Systems

Market Cap: NT$16.6b

Designs, manufactures, and sells power protection products and computer peripheral accessories worldwide.

Anpec Electronics

Market Cap: NT$16.3b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

ITH

Market Cap: NT$16.0b

Engages in the provision of panel display and touch technology in Taiwan and internationally.

Lion Travel Service

Market Cap: NT$15.1b

Provides travel services in Taiwan and internationally.

Lungteh Shipbuilding

Market Cap: NT$14.8b

Engages in the shipbuilding business in Taiwan and Singapore.